Gerald A. Tomsic

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Office Hours

Monday09:00 AM - 05:00 PMTuesday09:00 AM - 05:00 PMWednesday09:00 AM - 05:00 PMThursday09:00 AM - 05:00 PMFriday09:00 AM - 05:00 PM

Phone: 818-500-4888 Fax: 818-500-0633 Email Us

Gerald A. Tomsic 135 South Jackson Street, Suite 200 Glendale, CA Los Angeles Co. 91205 (Los Angeles Co.)View Map

Whats New

Recent Developments in California Corporations and Limited Liability Companies

1) Effective for corporations formed on or after 1/1/2000 it is no longer required to deposit prepaid California Franchise Tax. In addition, there is no minimum tax for the first two years. This means that to form a corporation the initial costs with the Secretary of State are $100 plus the over the counter fee of $15.

Note: This means a one person corporation or simple corporation will cost less than $1,000 upon formation.

2) Effective 1/1/2000 a limited liability company formed in California may be formed with just one member.

3) The Franchise Tax Board has increased the gross receipts tax on limited liability companies. Example after 1/1/2000 annual fee is $865 where gross receipts are up to $500,000.

Areas Of Practice

Business
Buying and Selling a Business
Corporate and Partnership Law
Estate Planning
Limited Liability Companies

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